It is an opportune time for US companies to scale up their engagement with Indian businesses at home as well as through partnerships in India, leveraging economic multipliers that exist on both sides, an industry report has said.

The United States on Monday charged five members of a shadowy Chinese military unit for allegedly hacking US companies for trade secrets, infuriating Beijing which suspended cooperation on cyber issues.

With BJP and CPI(M) raking up the
issue of "illegal" funds being given by some US companies to
certain Indian entities, the government on Tuesday said a probe has
already been ordered to ascertain facts of the matter.